China central SOEs profits grow slightly to $178 billionStaff Writer | January 14, 2017
China's state-owned enterprises (SOEs) administered by the country's state-asset regulator saw profits slightly up in 2016.
Business in China China has 102 centrally administered SOEs
Growth picked up from a 5.6-percent decrease in 2015. Revenues of these companies rose 2.6 percent year on year to 23.4 trillion yuan.
Some 96 central SOEs reported year-on-year profit growth last year, the statement said.
China has 102 centrally administered SOEs, which manage the bulk of the country's state assets. ■